Descending Triangle for DXY?
Notice the RSI is displaying a bearish descending triangle pattern, similar to the price action, and on the KST there's a noticeable bearish cross which will potentially end up the right shoulder of a H&S pattern.
We have seen the blue baseline of support on the RSI hold for the time being.
The 3 blue finger icons on the left side of the chart represent a triple bottom that played out bullishly, I have placed two more blue finger icons to hypothetically represent a future similar outcome, and the third bottom is a question mark icon.
We have seen the blue baseline of support on the RSI hold for the time being.
The 3 blue finger icons on the left side of the chart represent a triple bottom that played out bullishly, I have placed two more blue finger icons to hypothetically represent a future similar outcome, and the third bottom is a question mark icon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.